Delete comment from: Captain Capitalism
I am paying off my debt and will be debt free in 5 years, just in time to retire and leach off the ponzi formerly known as Social Security. I got my first lesson about debt in 1982, when I bought my first house at age 25. I was interrogated by a bank loan officer about my finances. This witch was the most intimidating female I ever met, built like a fullback, unsmiling, short Jack Webb like questions, just evil looking. This is what I told the Mayan War God with boobs:
ZERO DEBT
Drove a used car
Engineering job
$6000 saved and given by family members for down payment ( ths was a lot in 1982 ) The house cost $53,000
Suddenly she smiled ( this may have caused facial cracking ) and said these words " It is rare that I see a young man so well set up financially "
The lessons of my long dead parents who lived thru the great depression worked then, and, they work now. I paid the 30 year mortgage off in 10 years.
Feb 20, 2016, 1:45:08 PM
Posted to Debt Is the Only Problem